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      Question

      Insurance that indemnifies the owner of real estate in

      the event that his or her clear ownership of property is challenged by the discovery of faults in the title is called?
      A Hospital Insurance Correct Answer Incorrect Answer
      B Hull Insurance Correct Answer Incorrect Answer
      C Group Insurance Correct Answer Incorrect Answer
      D Title Insurance Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Title insurance is indemnity insurance that protects the holder from financial loss sustained from defects in a title to a property. The most common type of title insurance is lender's title insurance, which the borrower purchases only to protect the lender. Owner's title insurance, paid for by the seller to protect the buyer's equity in the property, is available separately.

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